Alchemy Resources Limited · ASX:ALY
Alchemy Resources — Noosa Mining Investor Conference 2024
18 slides from Alchemy Resources's conference presentation, July 2024
Slide 1: Noosa Mining Investor Conference
Noosa Mining Investor Conference July 2024 | ASX:ALY James Wilson Chief Executive Officer www.alchemyresources.com.au
Slide 2: Disclaimer
DISCLAIMER Disclaimer This presentation has been prepared by Alchemy Resources Limited (Alchemy or the Company). This document contains background information about Alchemy current at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or compl
Slide 3: Corporate Overview: Capital Structure and Board
Corporate Overview: Capital Structure Major Shareholders Shares on Issue: 1,178m Northern Star Resources: 6.63% Share Price: 0.07c Moryton Pty Ltd: 4.48% Market Cap: $8.2m Lowell Resources: 3.89% CASH - $3.5m @ 31 March 2024 Top 20 Shareholders: ~42% Enterprise value: $4.7m Experienced Board and Man
Slide 4: Who is Alchemy?
Who is Alchemy? Large “Battery Belt” Growing Gold Inventory Joint Ventures Lithium Land Position Adjacent to existing lithium 450koz of combined1,2 gold Base metals ground with $18m exploration development projects resources next to existing mines database Excellent prospectivity with and processing
Slide 5: Corporate Overview
Corporate Overview KARONIE, Kalgoorlie WA • Dominant 100% owned position in the battery belt • 111,000oz Au resource1 BRYAH, WA • Valley Bore Iron Ore • Catalyst Metals Joint Venture (ASX:CYL) LACHLAN, NSW (ALY 80% / DVP 20%) • Yellow Mountain – High grade Copper-Gold • Overflow – 342koz AuEq resour
Slide 6: Western Australia: Lithium and Gold
Western Australia: Lithium and Gold A STRATEGIC POSITION IN A WELL-ENDOWED PRECIOUS AND BATTERY METALS BELT KARONIE – 100% ALY: • Emerging lithium belt, Outcropping LCT Pegmatites • ALY ground surrounds Global Lithium Resources’ (ASX: GL1) Manna Lithium Deposit • Previously only explored for gold LA
Slide 7: Karonie: Lithium
Karonie: Lithium Highly prospective tenure • Large areas of lithium in soil anomalism • Alchemy surrounds GL1’s Manna deposit • Spodumene and Lepidolite identified at numerous locations on ALY ground3 • Soil sampling has identified multiple anomalous zones for follow-up • 111,000oz gold resource loc
Slide 8: Bryah Basin
Bryah Basin Bryah Basin - (ALY 100%) • BASE METALS: Strategic landholding in a world class copper corridor along strike of Sandfire Resources’ (ASX: SFR) DeGrussa Deposit • GOLD: Catalyst Metals JV – free carried 20% interest to decision to mine. Existing Resources at Hermes South and NSR on Hermes
Slide 9: Bryah Basin – Iron ore
Bryah Basin – Iron ore Valley Bore Iron Ore Project • Valley Bore and Old Highway Prospects • Located adjacent to road infrastructure • 2km of outcropping mapped hematite x 20-80m wide • Exceptional assays up to 65.9% Fe4 • Granted mining lease • Heritage surveys commencing in July 2024 • Drilling p
Slide 10: New South Wales Projects: Lachlan Fold Belt
New South Wales Projects: Lachlan Fold Belt (ALY 80%: DVP 20%) Highly prospective corridor with multiple new discoveries • YELLOW MOUNTAIN: Cu/Au • High grade copper at surface at Yellow Mountain Mine • High grade gold at Melrose • Both untested by modern exploration methods • OVERFLOW: • 342koz AuE
Slide 11: NSW Projects – Yellow Mountain
NSW Projects – Yellow Mountain Extensive historic workings not drilled since 1986 • Grab samples of 7.15% Cu, 6.4% Pb in old mine mullock8 • Historic drilling intercepts9: • 24m @ 1.12% Cu, 1.19% Pb, 1.02% Zn from Surface (0m) • 52m @ 0.54g/t Au, 0.31% Cu, 35g/t Ag, 1.15% Pb and 1.28% Zn • 40m @ 0.4
Slide 12: NSW Projects – Overflow
NSW Projects – Overflow OVERFLOW • 342koz Maiden Resource at 1.3g/t AuEq² • High grade drill intercepts intercepts10 • 6m @ 7.6g/t Au, 3.6% Zn, 1.6% Pb • 10m @ 4.4g/t Au, 3% Zn, 1.3% Pb • Mineralisation traced over 700m strike • Open along strike and at depth • Additional drill testing planned in 2H
Slide 13: NSW Projects – West Lynn
NSW Projects – WEST LYNN WEST LYNN Nickel-Cobalt-HPA • Advanced critical metals • 21.3Mt @ 0.84% Ni, 0.05% Co Resource5 • 6.6Mt @ 20.8% Al2036 • Positive metallurgical test-work completed in 201911 • HPA Product achieved – requires additional test work to achieve 4N quality • Option agreement signed
Slide 14: Indicative Exploration Timeline – strong pipeline of news flow
Indicative Exploration Timeline – strong pipeline of news flow* KARONIE (WA) July 2024 August 2024 September October 2024 Mapping / Ground truthing Follow-up drilling Lithium targets Target generation Aircore drilling Gold targets BRYAH BASIN (WA) Catalyst Metals Joint Venture (ALY 20%) Heritage Sur
Slide 15: Alchemy – Investment Thesis
Alchemy – Investment Thesis Dominant Lithium land position Fully funded for exploration which is largely untested. in 2024 Portfolio leveraged to future facing and critical metals Drill testing of Copper and Iron ore Experienced team with proven M&A targets to commence in 2H CY2024 and operational t
Slide 16: Appendix 1: Mineral Resources
Appendix 1: Mineral Resources Table A: Hermes South Joint Venture Indicated and Inferred Mineral Resource Estimate (compliant with the JORC Code 2012 guidelines) Hermes South Tonnes (Mt) Grade (g/t Au) Au (Ounces) Indicated 1.29 1.7 72,000 Inferred 0.95 1.4 42,000 Total 2.24 1.6 114,000 Notes: • Joi
Slide 17: Appendix 1: Mineral Resources
Appendix 1: Mineral Resources Table D: Karonie Project Inferred Resource Table E: Overflow Project Inferred Resource Cut off grade AuEq AuEq Au Eq Tonnes ppm Ounces Au ppm Ag ppm Cu ppm Pb ppm Zn ppm 0.7 8,189,000 1.3 342,300 0.5 54.7 357 2,549 5,236 Notes: • All figures rounded to reflect the appro
Slide 18: ASX: ALY
ASX: ALY ENQUIRIES: CONTACT: JAMES WILSON, CEO E: james@alchemyresources.com.au P: 08 9481-4400 W: alchemyresources.com.au
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